Hybrid Software Group PLC Publishes 2023 Interim Report
27 July 2023 - 4:00PM
Hybrid Software Group PLC Publishes 2023 Interim Report
PRESS RELEASE – REGULATED
INFORMATION
Hybrid Software Group PLC Publishes
2023 Interim Report
Cambridge
(UK),
27 July
2023
(08.00
CEST):
Hybrid Software Group PLC (Euronext: HYSG) announces it has
published its half year report and unaudited condensed consolidated
interim financial statements for the six months ended 30 June
2023.
The full document is available to download from
the financial reports section of the Company’s web site at
https://www.hybridsoftware.group/investors/financial-reports.
Mike Rottenborn, Hybrid Software Group CEO
comments, “The difficult economic conditions which we faced in 2022
continued throughout the first half of 2023, bringing challenges
for Hybrid Software Group as they have for many companies. But our
guiding principles—a commitment to profitable growth and to
continuous innovation on behalf of our customers—never wavered.
With the acquisitions of ColorLogic in late 2021 and iC3D in the
second quarter of 2022, we have all the technology needed to
accomplish our mission as the only full-stack technology provider
for digital inkjet printing. Our focus has shifted from operating
six companies to integrating one company, a powerhouse of products
both for OEM printer manufacturers and for end users, typically
printing companies that manufacture packaging and other products
using digital inkjet technology.
With inflation now trending downward in many key markets, it is
possible that the worst is behind us. But we must expect difficult
market conditions to continue through the second half of 2023. Our
costs are under control and our cutting edge products are what the
market needs, so we will profit from the recovery as it comes.
While the timing of the recovery is uncertain, three things are
not:
- Consumer product companies will
continue to print labels and packaging
- Manufacturing processes will
continue moving to inkjet
- Hybrid Software Group will be here
at the heart of inkjet printing to serve the needs of the
market
All of us at Hybrid Software Group come to work every day to
execute our growth strategy on behalf of our customers and
stakeholders, and I would like to personally thank our dedicated
employees as well as all shareholders for your continued
support”.
Financial highlights
(unaudited)
For the six months ended
30 June |
In thousands of euros |
2023 (unaudited) |
2022 (unaudited) |
Revenue |
24,906 |
23,435 |
Operating
(loss)/profit |
(521) |
248 |
(Loss)/Profit
before tax |
(922) |
248 |
Tax credit |
588 |
118 |
(Loss)/Profit for the period |
(334) |
366 |
|
|
|
EBITDA from
continuing operations |
3,707 |
4,620 |
|
|
|
Adjusted
operating profit |
1,518 |
1,439 |
Adjusted net
profit |
1,359 |
958 |
About Hybrid Software GroupThrough its
operating subsidiaries, Hybrid Software Group PLC (Euronext:
HYSG) is a leading developer of enterprise software for
industrial print manufacturing. Customers include press
manufacturers such as HP, Canon, Durst, Roland, Hymmen, and
hundreds of packaging printers, trade shops, and converters
worldwide.
Hybrid Software Group PLC is headquartered in Cambridge UK. Its
subsidiary companies are colour technology experts ColorLogic,
printing software developers Global Graphics Software, enterprise
software developer HYBRID Software, 3D design and modelling
software developers iC3D, the industrial printhead driver solutions
specialists, Meteor Inkjet and pre-press workflow developer
Xitron.
ContactsJoachim Van Hemelen |
Floris De Ruyck |
Chief Financial
Officer |
Legal Counsel & Investor Relations Officer |
Tel: +32 (0) 329 57 53 |
Tel: +32 (0) 329 57 53 |
joachimvh@hybridsoftware.group |
florisdr@hybridsoftware.group |
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